GameStop (GME) closed at $ 209.81 in the most recent trading session, a shift of + 0.79% compared to the previous day. The stock surpassed the S&P 500’s daily profit of 0.29%. Elsewhere, the Dow gained 0.58%, while technically heavy Nasdaq added 0.4%.
Today, the shares of the video game retailer rose 320.11% in the past month. At the same time, the retail sector lost 4.91%, while the S&P 500 rose 0.91%.
Investors will be hoping on GME to release their next earnings, which is expected to be March 23, 2021. GME is expected to report a profit of $ 1.46, an increase of 14.96% compared to the previous quarter. The Zacks revenue consensus estimate, meanwhile, predicts net sales of $ 2.24 billion, which is 2.19% higher than the previous year.
Investors should also be aware of recent changes to the GME analysis estimates. These reviews usually reflect the latest short-term business trends, which may change frequently. Keeping this in mind, we can review positive estimates as a sign of optimism about the company’s prospects.
Our research shows that these estimation changes are directly correlated with short-term stock prices. Investors can benefit from this by using the Zacks Rank. This model takes these estimation changes into account and provides a simple, effective rating system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has a proven, unaudited record of better performance, with # 1 stocks averaging +25 annually since 1988 % yielded. Our consensus EPS projection stood still for 30 days. GME is currently a Zacks Rank # 3 (Hold).
The retail – consumer electronics industry is part of the retail wholesale sector. The industry currently has a Zacks Industry Rank of 187, which ranks in the bottom 27% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries are better than the bottom half by a factor of 2 to 1.
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GameStop Corp. (GME): Free Stock Analysis Report
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